HHI is 350 for frozen fruits, juices, and vegetables, 467 for cement, and 2,449 for breakfast cereal. Why is this measure of concentration in the cement market inaccurate? Why do you think that concentration is low for the frozen food industry and high for the breakfast cereal industry?

HHI is 350 for frozen fruits, juices, and vegetables, 467 for cement, and 2,449 for breakfast cereal. Why is this measure of concentration in the cement market inaccurate? Why do you think that concentration is low for the frozen food industry and high for the breakfast cereal industry?

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter11: The Market For Pharmaceuticals

Section: Chapter Questions

Problem 1QAP

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HHI is 350 for frozen fruits, juices, and vegetables,
467 for cement, and 2,449 for breakfast cereal.
Why is this measure of concentration in the
cement market inaccurate? Why do you think that
concentration is low for the frozen food industry
and high for the breakfast cereal industry?

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